NZD/USD is still on a strong downtrend, as seen from the formation of a falling trend line on the 1-hour time frame. The pair has also just broken below the .8300 major psychological support earlier this week,...
USD: Bearish Based on the tone of Ben Bernanke’s semi-annual testimony in front of the U.S. Congress yesterday, the Federal Reserve is in no rush to withdraw stimulus.
AUD/USD is approaching long-term support at the 1.0200 major psychological level and a potential bounce could be in the cards. Stochastic has been deep in the oversold region for the past few weeks, suggesting that Aussie bears...
USD: Bullish Federal Reserve Chairman Ben Bernanke will deliver his semi-annual testimony in Congress during today’s US session and possibly talk about the previously released FOMC meeting minutes, wherein the policymakers showed an inclination for an early...
GBP/USD made a huge gap down over the weekend but price pulled right back up and the pair starting to close the gap completely. The previous week’s close is around 1.5241, close to the 50% Fibonacci retracement...
USD: Neutral There are a few major U.S. economic releases due this week, such as the CB consumer confidence data and the ISM manufacturing PMI, and these could either confirm or reverse the pro-dollar bias that the...
EUR/USD consolidated around the 1.3150 and 1.3200 major and minor psychological support levels at the end of last week and continues to move sideways in that area today. The downtrend on the 1-hour time frame is still...
USD: Bullish While some traders booked profits after the FOMC sparked a strong dollar selloff, it seems that most of the anti-dollar rallies that took place yesterday were mere retracements. For instance, GBP/USD managed to pull back...
There might be a chance to catch the GBP/USD selloff at a better price today as the pair appears to be retracing to the 38.2% Fibonacci level on the 4-hour time frame. On a longer-term chart, the...
USD: Bullish The minutes of the latest FOMC meeting caused quite a ruckus in the currency market as policymakers showed signs of hawkishness for the U.S. economy. In fact, some policymakers even suggested that they might overlook...
